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for one of the most popular players to come back to italy. and he said, and the london economists know that that they could provide him with 300,000 or 400,000 votes. >> we don't know what's going to m happen, that's the scary thing. >> melissa, what's coming up today. >> disney, zinga and-europe will be the rally killer. that's also tonight at 5:00. >> here's what you missed earlier this morning. >> welcome to hour three of "squawk on the street." here's what's happening so far. >> you grow 7% a year, that means you double your money every 10 years, that means if the stock market is 1,400 now, it could be 28,000 in 10 years and 50,000 in 20 years. >> we're dealing in the virgin media deals, these are big deals and i think they put a floor on the market. >> 1365 in cash. >> $24.4 billion, 37% premium and the release, acquired by emichael dell. >> it's going to be months, whether it's four months, five months, i think they need anti- trust approval. this is going to take a while before it closes. >> the emerging market opens. >> we think that the public markets are not giving the compan
the future of kiwi raises concerns, markets in london, germany, spain down 1%. asia down as well. shanghai down 3%. jim, you got sequester, you got fed, you got gas prices are, like they all converged in a matter of a couple days. >> you feel the switch has flipped, things going well is going badly. i want to caution the weakness of the month-old fed meetings notes is they are a month old. they see what we see. they don't wake up and say ignore gasoline and forget the sequester around the idea the world is somehow better -- no it's not. i would point out that the sequester chat iris going to grow and grow and grow. so every time you pick the paper up from now on until it happens, it is going to take your breath away. what happens for some of these, military, they are not close the golf courses, a great link. i was looking at all the great golf courses the military has. 800,000 civilians furloughing, that means spending power reduced with the payroll tax holiday. the scare tactics are going to be in and you got to steel yourself if you're going to stay longer. >> you call it a scare tactic,
hours before members of parliament in london today. in the past, he's promised quite exotic ideas of central banking, targeting nominal gdp. in daf ovos he was suggesting t moving forward he would bring ip fla inflation gradually to where it's supposed to be. but he was playing very much by the book to keep confidence in the boe and saying, look, let's just stick with what we know for now and talk about it. >> flexible inflation targeting, in my opinion, is the most successful monetary framework that has been in existence. so the bar for change to that framework, the overall framework, is very high. but i would note that there seems to be an appetite for some debate. >> from london, let's move to fram frankfurt, where it was the return of mario draghi at the european central bank, to hold his monthly news conference. there was some discussion at the beginning as to whether he was pushing back his expectations as to whether you might get the rebounding growth in europe from the second half of the year to sometime next year. i guess the big news is that he refused to take up the cha
. there are a number others that have been big. the london business school of economics, several economists there put out a study overnight predicting worldwide stock returns for the next 20 to 30 years would average only 3% to 4%, bond returns only 1%. let's hope they get that one wrong. long-term prognostication, not that good here. looking good on boise cascade. >> housing, housing, housing. rick santelli in chicago. rick? >> thanks, jim. well, we continue in the fixed income market, treasuries at least, to march over the same ground quite a bit. if you look at a couple of day chart of 10s, we're continue to hover around 29% level. year-to-date chart, it shows you we're up about 20 basis points on the year so far. 176, 197, 21 basis points. now, if we continue to monitor what's going on with the foreign exchange market, let's start with the british pound against the dollar. you can see on this chart, that we're at six-month highs in favor of the green back. let's switch it around a little bit. let's take a look at how the pound seems to be faring against the yen. this is really fascinating. now, w
, absolutely. currency wars front and center, particularly london, the world's major foreign exchange center. notice the stock markets are higher almost across the board. one of the major reasons the banks are rallying today, at the helm, barclays. unveiled a structureture to cut costs and rebalance the bank away from investment banking and the way consumer units grow organically much faster and return to internal equity of about 15%. the stock is up 18%. it continues to gain and dragging other banks in the uk and elsewhere and spain with it, and what the ceo had to say. >> we have to manage our capital very effectively and reduce our cost space and reduce the ratio of compensation to our net income. that's what we're talking about today. >> for the record, the average bonus investment banking at barclays is down 17% at $84,000. the big debate in europe remains on currencies, brussels, day two of the finance meeting and trying to put forward the idea somebody will doing something about the strength of the euro and the establishment saying it's about its long term average, no traction with th
's up 105% since then. he bought more in july when the stock bottomed on the london whale blunder. his loot has gained $18 million. moving to retail, dillard's ceo swooped in in 2008. he bought 9,000 shares at 1985 in april of that year. 100,000 shares at 393 in october. dillard's now trades at $85. so dillard's, $571,000 initial investment is now worth nearly $9.3 million. but the biggest winner, las vegas sands ceo sheldon adelsen, up 1,700% since then. his stake swelling by $629 million. so for people who are questioning where he got the political capital, look at his shares in lvs, up $129 million, guys. >> thank you very much. let's take you to germany, if we may, and show you a news conference we're monitoring. normally this wouldn't be relevant for u.s. investors, but this man is meyered in scandal. this is the spanish prime minister. the allegation is that his party in spain benefited from $34 million of funds in a swiss bank account over many years. and the fee specifically was paid $34,000 a year between 1997 and 2008, in a kind of a shadow ledger for the ruling party in spai
. there are stocks that are already moving up in london on the basis they'll be able to capitalize on this. >> that is definitely true. thank you, simon. >> there is a mover in the gaining space. let's send it over to josh lipton at headquarters. >> well, here is one gaming stock actually on the move this morning. international game technology, enjoying a pop. analysts at arges have a price target of $20. they note the company's better than expected earnings over the past two quarters, and the fact that the current price, the stock looks cheap, they say, and doesn't reflect prospects for recovery in sales and gaming equipment. igt up 20% year-to-date. >> josh, thanks so much for that. becky quick escaping the oncoming winter storm here, and hiding out in pebble beach, california. yeah, she sat down with a number of very interesting people in the world of business and politics. notab notably, clint eastwood. i was hoping you would have one extra chair on set for that interview. >> no extra chairs this time around, carl. clint eastwood, dirty harry, he always speaks his mind, says exactly wh
're spreading the spren trends and subcultures to the community. >> you have offices in london and soho. walk me through what you saw the need for the model was? what was the impetus for creating it? what vacuum did you see it feeli filling back then? >> sure. we saw more and more people buying fashion online but similar to the way they do it in the real world. there are tens of thousands of places to buy fashion online and each gives the consumer the same experience. we were trying to create a smart and personalized way to shop for fashion online and do that by bringing together inventories of hundreds of stores around the world from big boutiques to small brands and personalize it to users based on what they like using a social model. they can follow their favorite brands or bloggers or personalities. that means every feed each user gets is completely unique and more likes because they expressed their interest. >> you kept the walls fairly narrow. you point out if you like to go to the gym or mountain, you won't fine anything on lyst. if you want an h & m skirt, you will find it. how have you
fund, investing in emerging markets. i knew that much of the personnel for the fund was based in london. i actually didn't know at the time what the address of the partnership was. >> and when did you divest? >> i divested in 2010, when i became omb director, and the fund was disclosed in all of my prior confirmations and all of my sf-278s. i'm not aware of any tax benefits i got from participating in the investment. >> but did you pay taxes on that investment? >> i reported all income related to the investment on my tax forms, i paid all my taxes. >> but did you earn taxes on that? >> i lost money on the investment so in fact i lost money which i didn't have a great deal of income. >> okay. thank you. senator hatcher? >> thank you, mr. chairman. i appreciate it. following the financial crisis, many financial firms including citigroup have taken actions to improve their performance operations and responsibilities. my question is about citigroup to you mr. lew, related to the time you were there, and not to current citigroup operations. frankly, i do not believe that i have a good unders
of the universe can be swallowed by a london whale. >> listen, he's under continued pressure. they represent about $820 million worth of stock. not an enormous amount when you consider the market capitalization of jpmorgan. there may be momentum. >> the corporate governance splitting the two roles never gained the traction here in the united states as it has around the rest of the world. people still love to have a single figurehead in america, and someone they can rally around. it's a very different -- you know, the iconization of american business people is quite unique. >> our next guest actually may have something to say on that topic. one of the biggest names in shareholder activists recently pushing for the proxy fight going on. calling on diversified manufacturer timkin. the founder and principal. always a pleasure to have you. you say in a letter you sent to timkins' board yesterday, the chairman, that the two businesses are congruent. timkins said we've got revenue synergies between our bearing and steel businesses, as well as diversification benefits. why don't you buy that argument? >>
love, as a guest. >> okay. >> from london. great mind on the markets. >> glad you clarified that. >> very bright mind on the markets. what do you have on "mad money"? right back at you. >> the cosmetic industry, i'm going to tell you you've written this off too soon. that's what's called a tease in the business. i tease from the best of them. >> that was well done. well, well done. i'll see you back here tomorrow morning. as long as you want to stay. we'll see if carl and melissa, both hope of them are feeling better. >> thanks for hanging around. >> see you, bud. >>> why some u.s. companies may not be telling you everything they know about cyber attacks against their companies. >>> later, goldman sachs chief investment strategist joins us live with an exclusive look at his latest hedge fund report. interesting reading. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine.
're going to resume talks in march. now there's a story from a london newspaper talking about an iran facility that is using plutonium. perhaps being able to make it into a nuclear bomb. so there's a lot of concern about what iran's nuclear program is. keep your eye on the wti contract as well. after we saw that fall to 2013 low, we'll get the inventory data out at 10:30 a.m. back to you. >> thank you very much, sharon epperson. >>> still ahead, the co-founder of the subway restaurant chain, is he worried that the fallout from the sequester could take a bite out of his business and the consumer? >>> duncan niederauer pays us a visit at post 9, after it made its debut one year ago today. ♪ ♪ [ male announcer ] it was designed to escape the ordinary. it feels like it can escape gravity. ♪ the 2013 c-class coupe. ♪ starting at $37,800. ♪ omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price
Search Results 0 to 11 of about 12